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Partnership and S corporation returns: A) Carry their NOLs back ten years. B) Do not...

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Accounting

Partnership and S corporation returns:

A) Carry their NOLs back ten years.

B) Do not carry NOLs back or forward.

C) Have a choice of carrying their NOLs back three, four, or five years instend of the default two years.

D) Carry forward their NOLs 15 years.

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